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Sunday, November 11, 2007

Dollar Continues Slide Versus Swiss Franc [USD/CHF]

Dollar Continues Slide Versus Swiss Franc [USD/CHF]
The U.S. dollar continued to fall against the Swiss franc in mid-morning trading and has extended its long-term low. The greenback began to fall at around 9 a.m. ET and has dropped to 1.1207. On a long-term basis, the dollar has been falling for about a month against the franc.

Malaysian Stocks Seen To Decline []
The Malaysian stock market was one of the very few that didn't end lower on Thursday - and that's because it was closed for the Deepavali holiday.

Jakarta Shares Seen To Extend Decline []
The Indonesian stock market was down on Thursday, and analysts are calling for an encore performance when the market opens for business on Friday.

Swiss Franc Extends 12-year Peak Versus Dollar Before Levelling Off Friday Morning [USD/CHF]
The Swiss franc extended its 12-year peak against the dollar in early dealing Friday. The franc rose to 111.87 at around 6 am ET before levelling off through mid-morning action.

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Any views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.